Thursday, July 17, 2014

WHAT HAPPENS IN THE MULTI-YEAR EXCHANGE ENVIRONMENT?

Panelist: Alan Cohen, Chief Strategy Officer and Co-Founder, LIAZON

Thousands of companies are either making the switch to private exchange or are considering doing so in the next few years. Making the switch IS a big decision – no doubt about it. But after the dust settles, and employees are shopping for benefits in a private exchange environment – what happens in year two? Three? What happens to employees and employers in the multi-year exchange environment? It turns out, quite a lot. Employees continue to evolve how and what they buy. Employers begin to evolve how they administer benefits and how they support their team. If private exchange is to truly take hold in this country and contribute to a more efficient insurance ecosystem, this multi-year environment must be both understood and studied.